Fed Seeks Economic Soft Landing, Rarely Seen in Wild: QuickTake
Monday, March 14, 2022 09:00 PM By Rich Miller (Bloomberg) — Federal Reserve Chair Jerome Powell and his colleagues are embarking on a delicate task: They’re trying to use higher interest rates to bring down sky-high inflation without crashing the U.S. into a recession. The ideal result would be what economists call “a soft landing.” Steering the U.S. […]
Insiders debate how to secure America’s future energy needs at the industry’s biggest gathering
Energy executives, policymakers and thousands of others gathered this week in Houston for the annual CERAWeek by S&P Global energy conference. The industry is at an inflection point as Russia’s war on Ukraine — and the subsequent spike in oil and gas prices — raises questions over energy security and the energy transition. In a […]
Apple Analysts See Limited Impact From Foxconn Halt: Street Wrap
Monday, March 14, 2022 09:03 AM By Ryan Vlastelica (Bloomberg) — (Updates trading, adds comments from Morgan Stanley.) Apple shares are down 1.6% on Monday after supplier Foxconn halted operations at its Shenzhen sites following a government-imposed lockdown. However, analysts see a limited impact from the issue. Read more: Foxconn Halts IPhone Production in Shenzhen After Lockdown […]
Biden Urged to Invoke Cold-War Powers to Blunt Energy Price Hike
Saturday, March 12, 2022 07:30 AM By Jennifer A. Dlouhy He can mandate production of oil to batteries under 1950s law Presidents from Truman to Trump used Defense Production Act (Bloomberg) — President Joe Biden is under pressure to invoke Cold War-era powers to force more domestic oil production as the war in Ukraine strains supplies, raising gasoline […]
CLIMATE U.S. Energy Secretary Granholm calls on oil and gas companies to raise output
With oil prices surging to the highest level since 2008, Secretary of Energy Jennifer Granholm called on companies to raise output. “We are in an emergency, and we have to responsibly increase short-term supply where we can right now to stabilize the market and minimize harm to American families,” she said Wednesday. The oil and […]
Apple to chime louder in Asia with 5G iPhone SE
New 5G SE model should help low-end appeal in Asia Apple prices latest phone at $429 Competition fierce with Asian brands like Samsung, Huawei March 9 (Reuters) – Apple Inc’s (AAPL.O) low-cost 5G model should enhance the iPhone maker’s appeal in Asia where it is in a stiff battle with multiple rivals from Samsung (005930.KS) to Vivo, analysts believe. […]
Oil falls 5%, cools down from Russian oil shock rally
IEA chief says agency could release more oil from stocks U.S. bans Russian oil imports, UK to phase them out U.S. crude, fuel inventory fall, SPR at 2002 low – EIA Iran’s chief nuclear talks negotiator returns to Vienna BENGALURU, March 9 (Reuters) – Oil slid over 5% on Wednesday, pulling back from a rally […]
Apple is the stock to own during the Russia-Ukraine market volatility and its new 5G iPhone SE showcases its status as a haven for investors, Wedbush says
Matthew Fox Tue, March 8, 2022, 12:32 PM·2 min read An Apple shop in Istanbul, Turkey.Dilara Senkaya/Reuters Apple is the defensive tech stock to own as Russia’s invasion of Ukraine adds volatility to the market, according to Wedbush. Wedbush highlighted Apple’s the budget iPhone SE as a new demand driver for the largest company in the […]
3 reasons the US economy should be just fine despite inflation and Russia’s invasion of Ukraine
Business Insider 3/8/2022 Inflation is increasing and the US might see slowed economic growth from Russia’s invasion of Ukraine. But the US is well-positioned to keep booming, markets reporter Sam Ro said in his newsletter. A strong jobs market and excess savings should keep the economy going. Inflation and Russia’s war with Ukraine are disrupting […]
EU to phase out Russian gas, oil, coal imports – leaders’ draft
BRUSSELS, March 7 (Reuters) – European Union leaders will agree at a summit this week to phase out the EU’s dependency on imports of Russian gas, oil and coal, a draft statement showed, marking a turning point in its policy towards Moscow prompted by Russia’s invasion of Ukraine. EU leaders will meet in Versailles on […]